Please visit http://research.stlouisfed.org/fred2/personalincome for documentation on the derivation of personal income.

Please visit http://research.stlouisfed.org/fred2/personalincome for documentation on the derivation of personal income.

Please visit http://research.stlouisfed.org/fred2/personalincome for documentation on the derivation of personal income.

Please visit http://research.stlouisfed.org/fred2/personalincome for documentation on the derivation of personal income.

Please visit http://research.stlouisfed.org/fred2/personalincome for documentation on the derivation of personal income.

Please visit http://research.stlouisfed.org/fred2/personalincome for documentation on the derivation of personal income.

Please visit http://research.stlouisfed.org/fred2/personalincome for documentation on the derivation of personal income.

Please visit http://research.stlouisfed.org/fred2/personalincome for documentation on the derivation of personal income.

Please visit http://research.stlouisfed.org/fred2/personalincome for documentation on the derivation of personal income.

Please visit http://research.stlouisfed.org/fred2/personalincome for documentation on the derivation of personal income.

Please visit http://research.stlouisfed.org/fred2/personalincome for documentation on the derivation of personal income.

Please visit http://research.stlouisfed.org/fred2/personalincome for documentation on the derivation of personal income.

Please visit http://research.stlouisfed.org/fred2/personalincome for documentation on the derivation of personal income.

Please visit http://research.stlouisfed.org/fred2/personalincome for documentation on the derivation of personal income.

Please visit http://research.stlouisfed.org/fred2/personalincome for documentation on the derivation of personal income.

NBER Computed Data By Adding Male And Female Unemployed, 20 Years And Older From Figures Listed In The Sources. Source: Data Were Derived By NBER, Data For 1948-1961: From "Employment And Earnings", February 1962, Summary Tables; Data For 1962-1963: Special Labor Force Reports 31 And 43; Data For 1964-1965: Monthly Report On The Labor Force (Except Data For April-June Which Come From The Bureau Of The Census.) This NBER data series m08301 appears on the NBER website in Chapter 8 at http://www.nber.org/databases/macrohistory/contents/chapter08.html. NBER Indicator: m08301

Source: Business Cycle Developments, March 1964, For 1949-1962 Data; August, 1966 And Following Months For 1963 And Later Data. This NBER data series m08310 appears on the NBER website in Chapter 8 at http://www.nber.org/databases/macrohistory/contents/chapter08.html. NBER Indicator: m08310

This series last appeared in the February, 2021 report: NROU (https://fred.stlouisfed.org/series/NROU)), formerly called "Natural Rate of Unemployment (Long-Term)." The natural rate of unemployment (NAIRU) is the rate of unemployment arising from all sources except fluctuations in aggregate demand. Estimates of potential GDP are based on the long-term natural rate. (CBO did not make explicit adjustments to the short-term natural rate for structural factors before the recent downturn.) The short-term natural rate incorporates structural factors that are temporarily boosting the natural rate beginning in 2008. The short-term natural rate is used to gauge the amount of current and projected slack in labor markets, which is a key input into CBO's projections of inflation.

Source ID: FR316231011.A For more information about the Flow of Funds tables, see the Financial Accounts Guide (https://www.federalreserve.gov/apps/fof/Default.aspx). With each quarterly release, the source may make major data and structural revisions to the series and tables. These changes are available in the Release Highlights (https://www.federalreserve.gov/apps/fof/FOFHighlight.aspx). In the Financial Accounts, the source identifies each series by a string of patterned letters and numbers. For a detailed description, including how this series is constructed, see the series analyzer (https://www.federalreserve.gov/apps/fof/SeriesAnalyzer.aspx?s=FR316231011&t=) provided by the source.

Source ID: FR316231011.Q For more information about the Flow of Funds tables, see the Financial Accounts Guide (https://www.federalreserve.gov/apps/fof/Default.aspx). With each quarterly release, the source may make major data and structural revisions to the series and tables. These changes are available in the Release Highlights (https://www.federalreserve.gov/apps/fof/FOFHighlight.aspx). In the Financial Accounts, the source identifies each series by a string of patterned letters and numbers. For a detailed description, including how this series is constructed, see the series analyzer (https://www.federalreserve.gov/apps/fof/SeriesAnalyzer.aspx?s=FR316231011&t=) provided by the source.

Starting with the July, 2021 report: An Update to the Budget and Economic Outlook: 2021 to 2031 (https://www.cbo.gov/publication/57218), this series was renamed from "Natural Rate of Unemployment (Long-Term)" to "Noncyclical Rate of Unemployment". The natural rate of unemployment (NAIRU) is the rate of unemployment arising from all sources except fluctuations in aggregate demand. Estimates of potential GDP are based on the long-term natural rate. (CBO did not make explicit adjustments to the short-term natural rate for structural factors before the recent downturn.) The short-term natural rate incorporates structural factors that are temporarily boosting the natural rate beginning in 2008. The short-term natural rate is used to gauge the amount of current and projected slack in labor markets, which is a key input into CBO's projections of inflation.

OECD Data Filters: REF_AREA: AUT MEASURE: REG_UNE UNIT_MEASURE: PS TRANSFORMATION: _Z ADJUSTMENT: N SECTOR: S1 FREQ: A All OECD data should be cited as follows: OECD (year), (dataset name), (data source) DOI or https://data-explorer.oecd.org/ (https://data-explorer.oecd.org/). (accessed on (date)).

OECD Data Filters: REF_AREA: AUT MEASURE: REG_UNE UNIT_MEASURE: PS TRANSFORMATION: _Z ADJUSTMENT: Y SECTOR: S1 FREQ: A All OECD data should be cited as follows: OECD (year), (dataset name), (data source) DOI or https://data-explorer.oecd.org/ (https://data-explorer.oecd.org/). (accessed on (date)).

OECD Data Filters: REF_AREA: AUT MEASURE: REG_UNE UNIT_MEASURE: PS TRANSFORMATION: _Z ADJUSTMENT: N SECTOR: S1 FREQ: M All OECD data should be cited as follows: OECD (year), (dataset name), (data source) DOI or https://data-explorer.oecd.org/ (https://data-explorer.oecd.org/). (accessed on (date)).

OECD Data Filters: REF_AREA: AUT MEASURE: REG_UNE UNIT_MEASURE: PS TRANSFORMATION: _Z ADJUSTMENT: N SECTOR: S1 FREQ: Q All OECD data should be cited as follows: OECD (year), (dataset name), (data source) DOI or https://data-explorer.oecd.org/ (https://data-explorer.oecd.org/). (accessed on (date)).

OECD Data Filters: REF_AREA: AUT MEASURE: REG_UNE UNIT_MEASURE: PS TRANSFORMATION: G1 ADJUSTMENT: N SECTOR: S1 FREQ: A All OECD data should be cited as follows: OECD (year), (dataset name), (data source) DOI or https://data-explorer.oecd.org/ (https://data-explorer.oecd.org/). (accessed on (date)).

OECD Data Filters: REF_AREA: AUT MEASURE: REG_UNE UNIT_MEASURE: PS TRANSFORMATION: G1 ADJUSTMENT: Y SECTOR: S1 FREQ: A All OECD data should be cited as follows: OECD (year), (dataset name), (data source) DOI or https://data-explorer.oecd.org/ (https://data-explorer.oecd.org/). (accessed on (date)).

OECD Data Filters: REF_AREA: AUT MEASURE: REG_UNE UNIT_MEASURE: PS TRANSFORMATION: G1 ADJUSTMENT: N SECTOR: S1 FREQ: M All OECD data should be cited as follows: OECD (year), (dataset name), (data source) DOI or https://data-explorer.oecd.org/ (https://data-explorer.oecd.org/). (accessed on (date)).

OECD Data Filters: REF_AREA: AUT MEASURE: REG_UNE UNIT_MEASURE: PS TRANSFORMATION: G1 ADJUSTMENT: N SECTOR: S1 FREQ: Q All OECD data should be cited as follows: OECD (year), (dataset name), (data source) DOI or https://data-explorer.oecd.org/ (https://data-explorer.oecd.org/). (accessed on (date)).

Please visit http://research.stlouisfed.org/fred2/personalincome for documentation on the derivation of personal income.

Please visit http://research.stlouisfed.org/fred2/personalincome for documentation on the derivation of personal income.

BEA Account Code: M318141 For more information about this series, please see http://www.bea.gov/national/.

This Index Covers 47 Of The Largest Of 149 Labor Market Areas Listed As "Labor Market And Employment Security." Source: G.H. Moore, Business Cycle Indicators, Vol. 2, NBER, P. 157 This NBER data series m16081 appears on the NBER website in Chapter 16 at http://www.nber.org/databases/macrohistory/contents/chapter16.html. NBER Indicator: m16081

BEA Account Code: L318141 For more information about this series, please see http://www.bea.gov/national/.

OECD Descriptor ID: LRUNTTFE OECD unit ID: PC OECD country ID: JPN All OECD data should be cited as follows: OECD, "Main Economic Indicators - complete database", Main Economic Indicators (database), https://dx.doi.org/10.1787/data-00052-en (Accessed on date) Copyright, 2016, OECD. Reprinted with permission

OECD Descriptor ID: LRHUTTFE OECD unit ID: PC OECD country ID: JPN All OECD data should be cited as follows: OECD, "Main Economic Indicators - complete database", Main Economic Indicators (database), https://dx.doi.org/10.1787/data-00052-en (Accessed on date) Copyright, 2016, OECD. Reprinted with permission

OECD Descriptor ID: LRUNTTFE OECD unit ID: PC OECD country ID: JPN All OECD data should be cited as follows: OECD, "Main Economic Indicators - complete database", Main Economic Indicators (database), https://dx.doi.org/10.1787/data-00052-en (Accessed on date) Copyright, 2016, OECD. Reprinted with permission

OECD Descriptor ID: LRUNTTMA OECD unit ID: PC OECD country ID: JPN All OECD data should be cited as follows: OECD, "Main Economic Indicators - complete database", Main Economic Indicators (database), https://dx.doi.org/10.1787/data-00052-en (Accessed on date) Copyright, 2016, OECD. Reprinted with permission

OECD Descriptor ID: LRUNTTMA OECD unit ID: PC OECD country ID: JPN All OECD data should be cited as follows: OECD, "Main Economic Indicators - complete database", Main Economic Indicators (database), https://dx.doi.org/10.1787/data-00052-en (Accessed on date) Copyright, 2016, OECD. Reprinted with permission

OECD Descriptor ID: LRHUTTMA OECD unit ID: PC OECD country ID: JPN All OECD data should be cited as follows: OECD, "Main Economic Indicators - complete database", Main Economic Indicators (database), https://dx.doi.org/10.1787/data-00052-en (Accessed on date) Copyright, 2016, OECD. Reprinted with permission

OECD Descriptor ID: LRHUTTFE OECD unit ID: PC OECD country ID: JPN All OECD data should be cited as follows: OECD, "Main Economic Indicators - complete database", Main Economic Indicators (database), https://dx.doi.org/10.1787/data-00052-en (Accessed on date) Copyright, 2016, OECD. Reprinted with permission

OECD Descriptor ID: LRHUTTMA OECD unit ID: PC OECD country ID: JPN All OECD data should be cited as follows: OECD, "Main Economic Indicators - complete database", Main Economic Indicators (database), https://dx.doi.org/10.1787/data-00052-en (Accessed on date) Copyright, 2016, OECD. Reprinted with permission

OECD Data Filters: REF_AREA: JPN MEASURE: UNE_LF UNIT_MEASURE: PT_LF_SUB TRANSFORMATION: _Z ADJUSTMENT: Y SEX: M AGE: Y_GE15 ACTIVITY: _Z FREQ: M All OECD data should be cited as follows: OECD (year), (dataset name), (data source) DOI or https://data-explorer.oecd.org/ (https://data-explorer.oecd.org/). (accessed on (date)).

OECD Data Filters: REF_AREA: JPN MEASURE: UNE_LF UNIT_MEASURE: PT_LF_SUB TRANSFORMATION: _Z ADJUSTMENT: N SEX: M AGE: Y_GE15 ACTIVITY: _Z FREQ: Q All OECD data should be cited as follows: OECD (year), (dataset name), (data source) DOI or https://data-explorer.oecd.org/ (https://data-explorer.oecd.org/). (accessed on (date)).

OECD Data Filters: REF_AREA: JPN MEASURE: UNE_LF UNIT_MEASURE: PT_LF_SUB TRANSFORMATION: _Z ADJUSTMENT: Y SEX: F AGE: Y_GE15 ACTIVITY: _Z FREQ: Q All OECD data should be cited as follows: OECD (year), (dataset name), (data source) DOI or https://data-explorer.oecd.org/ (https://data-explorer.oecd.org/). (accessed on (date)).

OECD Data Filters: REF_AREA: JPN MEASURE: UNE_LF_M UNIT_MEASURE: PT_LF_SUB TRANSFORMATION: _Z ADJUSTMENT: Y SEX: F AGE: Y_GE15 ACTIVITY: _Z FREQ: Q All OECD data should be cited as follows: OECD (year), (dataset name), (data source) DOI or https://data-explorer.oecd.org/ (https://data-explorer.oecd.org/). (accessed on (date)).

OECD Data Filters: REF_AREA: JPN MEASURE: UNE_LF UNIT_MEASURE: PT_LF_SUB TRANSFORMATION: _Z ADJUSTMENT: Y SEX: M AGE: Y_GE15 ACTIVITY: _Z FREQ: Q All OECD data should be cited as follows: OECD (year), (dataset name), (data source) DOI or https://data-explorer.oecd.org/ (https://data-explorer.oecd.org/). (accessed on (date)).

OECD Data Filters: REF_AREA: JPN MEASURE: UNE_LF UNIT_MEASURE: PT_LF_SUB TRANSFORMATION: _Z ADJUSTMENT: N SEX: F AGE: Y_GE15 ACTIVITY: _Z FREQ: Q All OECD data should be cited as follows: OECD (year), (dataset name), (data source) DOI or https://data-explorer.oecd.org/ (https://data-explorer.oecd.org/). (accessed on (date)).

OECD Data Filters: REF_AREA: JPN MEASURE: UNE_LF_M UNIT_MEASURE: PT_LF_SUB TRANSFORMATION: _Z ADJUSTMENT: Y SEX: M AGE: Y_GE15 ACTIVITY: _Z FREQ: Q All OECD data should be cited as follows: OECD (year), (dataset name), (data source) DOI or https://data-explorer.oecd.org/ (https://data-explorer.oecd.org/). (accessed on (date)).

OECD Data Filters: REF_AREA: JPN MEASURE: UNE_LF UNIT_MEASURE: PT_LF_SUB TRANSFORMATION: _Z ADJUSTMENT: N SEX: F AGE: Y_GE15 ACTIVITY: _Z FREQ: M All OECD data should be cited as follows: OECD (year), (dataset name), (data source) DOI or https://data-explorer.oecd.org/ (https://data-explorer.oecd.org/). (accessed on (date)).

OECD Data Filters: REF_AREA: JPN MEASURE: UNE_LF UNIT_MEASURE: PT_LF_SUB TRANSFORMATION: _Z ADJUSTMENT: Y SEX: F AGE: Y_GE15 ACTIVITY: _Z FREQ: M All OECD data should be cited as follows: OECD (year), (dataset name), (data source) DOI or https://data-explorer.oecd.org/ (https://data-explorer.oecd.org/). (accessed on (date)).

OECD Data Filters: REF_AREA: JPN MEASURE: UNE_LF_M UNIT_MEASURE: PT_LF_SUB TRANSFORMATION: _Z ADJUSTMENT: N SEX: M AGE: Y_GE15 ACTIVITY: _Z FREQ: M All OECD data should be cited as follows: OECD (year), (dataset name), (data source) DOI or https://data-explorer.oecd.org/ (https://data-explorer.oecd.org/). (accessed on (date)).

OECD Data Filters: REF_AREA: JPN MEASURE: UNE_LF_M UNIT_MEASURE: PT_LF_SUB TRANSFORMATION: _Z ADJUSTMENT: N SEX: F AGE: Y_GE15 ACTIVITY: _Z FREQ: M All OECD data should be cited as follows: OECD (year), (dataset name), (data source) DOI or https://data-explorer.oecd.org/ (https://data-explorer.oecd.org/). (accessed on (date)).

OECD Data Filters: REF_AREA: JPN MEASURE: UNE_LF_M UNIT_MEASURE: PT_LF_SUB TRANSFORMATION: _Z ADJUSTMENT: Y SEX: F AGE: Y_GE15 ACTIVITY: _Z FREQ: M All OECD data should be cited as follows: OECD (year), (dataset name), (data source) DOI or https://data-explorer.oecd.org/ (https://data-explorer.oecd.org/). (accessed on (date)).

OECD Data Filters: REF_AREA: JPN MEASURE: UNE_LF_M UNIT_MEASURE: PT_LF_SUB TRANSFORMATION: _Z ADJUSTMENT: N SEX: M AGE: Y_GE15 ACTIVITY: _Z FREQ: Q All OECD data should be cited as follows: OECD (year), (dataset name), (data source) DOI or https://data-explorer.oecd.org/ (https://data-explorer.oecd.org/). (accessed on (date)).

OECD Data Filters: REF_AREA: JPN MEASURE: UNE_LF_M UNIT_MEASURE: PT_LF_SUB TRANSFORMATION: _Z ADJUSTMENT: N SEX: F AGE: Y_GE15 ACTIVITY: _Z FREQ: Q All OECD data should be cited as follows: OECD (year), (dataset name), (data source) DOI or https://data-explorer.oecd.org/ (https://data-explorer.oecd.org/). (accessed on (date)).

OECD Data Filters: REF_AREA: JPN MEASURE: UNE_LF UNIT_MEASURE: PT_LF_SUB TRANSFORMATION: _Z ADJUSTMENT: N SEX: M AGE: Y_GE15 ACTIVITY: _Z FREQ: M All OECD data should be cited as follows: OECD (year), (dataset name), (data source) DOI or https://data-explorer.oecd.org/ (https://data-explorer.oecd.org/). (accessed on (date)).

OECD Data Filters: REF_AREA: JPN MEASURE: UNE_LF_M UNIT_MEASURE: PT_LF_SUB TRANSFORMATION: _Z ADJUSTMENT: Y SEX: M AGE: Y_GE15 ACTIVITY: _Z FREQ: M All OECD data should be cited as follows: OECD (year), (dataset name), (data source) DOI or https://data-explorer.oecd.org/ (https://data-explorer.oecd.org/). (accessed on (date)).

The series comes from the 'Current Population Survey (Household Survey)' The source code is: LNS13000003

To obtain estimates of women worker employment, the ratio of weighted women employees to the weighted all employees in the sample is assumed to equal the same ratio in the universe. The current month's women worker ratio, thus, is estimated and then multiplied by the all-employee estimate. The weighted-difference-link-and-taper formula (described in the source) is used to estimate the current month's women worker ratio. This formula adds the change in the matched sample's women worker ratio (the weighted-difference link) to the prior month's estimate, which has been slightly modified to reflect changes in the sample composition (the taper). The series comes from the 'Current Population Survey (Household Survey)' The source code is: LNS13000029